A New Enterprise.
We are very glad to learn that our truly patriotic and public spirited fellow-townsman John Counter Esq., has obtained a lease for 21 years, of the whole block which constitutes the property of the Marine Railway Company, for which it is understood he pays 6 per cent on the Capital Stock of the Company, amounting to about £12,000 per annum.
This includes the Marine Railway, the Steam Grist Mill, the large and well built Stores together with the extensive wharves and other buildings.
Mr. Counter is already preparing for extensive additions to the wharves, and proposes to carry them out 575 feet, leaving large and commodious basins which will offer the best protection to vessels in the heaviest storms. He also contemplates the erection of ranges of new fire proof stores; and to connect with them steam power for a variety of purposes which cannot fail to be beneficial to Kingston, and we trust, still more so, to the Proprietor.
Should the Wolfe Island, Kingston and Toronto Railroad go on, Gore street is decidedly the best approach to the water, and will add greatly to the value of Mr. Counter's speculations as it requires no spirit of prophecy to foretell that the traffic of both goods and passengers by that line will be immense if the Americans are wise enough to avoid a war.
We believe we speak the language of every man in Kingston, when we say we heartily wish Mr. Counter every success in the undertaking.